Indonesian Materials Undervalued based on future growth

Antam (Persero)

Market Cap: Rp74.0t

Operates as a diversified metals and mining company in Indonesia.

Alamtri Minerals Indonesia

Market Cap: Rp65.2t

Engages in metallurgical coal mining business in Indonesia.

Trimegah Bangun Persada

Market Cap: Rp58.9t

PT Trimegah Bangun Persada TBK engages in the nickel ore mining and processing in Indonesia and distributes the products to China, Switzerland, Hong Kong, Sweden, and Singapore.

Vale Indonesia

Market Cap: Rp57.4t

Engages in the mining and processing of nickel in Indonesia.

Merdeka Battery Materials

Market Cap: Rp57.2t

Engages in the mining and processing of nickel, cobalt, and other mineral deposits in Indonesia and China.

Indah Kiat Pulp & Paper

Market Cap: Rp45.4t

Manufactures and sells cultural paper, pulp, tissue, and industrial paper in Indonesia, Asia, the United States, Australia, the Middle East, Africa, and Europe.

Archi Indonesia

Market Cap: Rp29.8t

Through its subsidiaries, engages in gold and silver mining business in Indonesia.

TIMAH

Market Cap: Rp28.3t

Engages in tin mining and smelting operations in Indonesia and internationally.

Central Omega Resources

Market Cap: Rp3.8t

Engages in the mineral mining business in Indonesia.